Collibra, which specializes in data governance software for business users, has closed $50 million in Series C financing.
The sizeable round was led by San Francisco-based Iconiq Capital with participation from investment firm Battery Ventures and return backers Dawn Capital, Index Ventures and Newion Investments.
The investment will help Collibra continue to fuel its growth as a provider of data governance solutions, the New York-based company says. To date, Collibra has secured more than $75 million in venture funding.
The Collibra integrated data governance platform helps organizations find, understand, and trust the data they need to be truly data-driven enterprises and to gain competitive advantage.
“Data’s day has come. And with that, organizations have recognized that data can only be leveraged as a strategic resource to the extent it can be accessed and, most important, trusted,” said Felix Van de Maele, CEO of Collibra. “Collibra is the industry’s most advanced purpose-built data governance platform and our intent is to continue capturing mind and market share in our field.”
In October, Collibra released Version 5.0 of the Collibra data governance center platform, which takes an advanced “consumerized” approach to data governance technology, enabling business users to “shop” for and find data in much the same way as they shop for products in their everyday lives on consumer sites like Amazon.
“Collibra was born to address a real problem: how enterprises can meaningfully leverage data to transform their businesses,” said Iconiq’s Jacobson.